141 South Canon Drive

141 South Canon Drive

Beverly Hills, CA 90212

$3,550,000
Price
1
Beds
6
Baths
5,468 Sq. Ft.
$649 / Sq. Ft.
5,468
Sq. Ft.
$649
per Sq. Ft.
a front view of a house with a yard
a front view of a house with a yard and potted plants
a front view of a house with a yard
front view of house with a yard
a view of a pathway with house on the balcony
a house with potted plants in front of it
a view of a house with a yard
a view of a house with roof deck and seating space
a view of a car in the road
a view of an empty room with a window
a bathroom with a sink and a shower
a view of a closet area with empty racks
a kitchen with granite countertop white cabinets and white appliances
a kitchen with granite countertop a sink and a white cabinets
a view of a room with wooden floors and led lights
a view of an empty room and wooden floor
a view of empty room with wooden floor and fan

Description

Constructed in 1938, the property sits on a 6,070 square foot parcel and consists of a two-story building with a detached carport offering six covered parking spots. The unit mix comprises (6) six large one-bedroom, one-bathroom units, each measuring approximately 800 square feet. Available for purchase on the open market for the first time in more than four decades, 141 South Canon Drive has been meticulously cared for by its current owners. They have made significant capital improvements over the...Constructed in 1938, the property sits on a 6,070 square foot parcel and consists of a two-story building with a detached carport offering six covered parking spots. The unit mix comprises (6) six large one-bedroom, one-bathroom units, each measuring approximately 800 square feet. Available for purchase on the open market for the first time in more than four decades, 141 South Canon Drive has been meticulously cared for by its current owners. They have made significant capital improvements over the years, such as a new roof and completely replacing the plumbing with copper pipes. By taking advantage of the premium rental rates typically associated with character-style buildings in Beverly Hills, this presents a rare opportunity to start benefiting from increased returns right from day one. This property is located in a highly sought-after rental submarket that is in need of renovated units, making it an exceptional investment opportunity. Nestled in an enclave of luxury, 141 South Canon Drive enjoys a prime location just south of Wilshire Boulevard in Beverly Hills and one block away from the famed South Beverly Drive, providing residents with access to an array of upscale boutiques, fine dining establishments, and cultural attractions within walking distance of the prestigious Golden Triangle shopping district. Its strategic positioning near major employment hubs such as the Wilshire Corridor and Century City offers professionals convenient access to diverse job opportunities in finance, law, entertainment, and technology, making it an enticing destination for those seeking a vibrant urban lifestyle coupled with proximity to their workplace.
  1. Listed by Vincent Norris • DRE #00843890 • Brokerage DRE #01340600 • Vincent B Norris, Inc. • 424-422-0904

Property Details for 141 South Canon Drive

Parking Spaces Total
6
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
5468
Assessor Parcel Number
4331-001-008
Property Attached YN
true

Location

Listing Courtesy of Vincent B Norris, Inc., Vincent Norris, DRE #00843890
Add your commute
LISTING UPDATED: 05/08/2024 04:41 AM

Property Details for 141 South Canon Drive

StatusActive
MLS #SR24091815
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
CountyLos Angeles County

Location

Listing Courtesy of Vincent B Norris, Inc., Vincent Norris, DRE #00843890
Add your commute

Building Information for 141 South Canon Drive

Building/Complex141 S Canon DrFloor-Stories2Residences-Pet Policy-Year Built1938Building Size-

Payment Calculator

$23,206 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,374

Property Taxes

$3,832

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 141 South Canon Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $204,994
  • Gross Scheduled Income: $204,994
  • Net Operating Income: $128,716
Expense Details
  • Operating Expense: $76,278
  • Fuel Expense: $0
  • Electric Expense: $6,810
  • Insurance Expense: $5,102
  • Professional Management Expense: $10,250
  • Trash Expense: $5,766
  • Water Sewer Expense: $0
  • Total Expenses: $76,278
Tax / Assessment Info
  • Tax Tract Number: 6380
  • Tax Census Tract: 7009.02
  • CFD/Mello-Roos Fee: $923
  • Tax Lot: 1853
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: Walk Up
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Unknown
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking: Yes
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
  • Parking Features: Detached Carport
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 6
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $7,171
  • Unit Type Total Rent: $17,671
  • Unit Type Pro Forma: 21000
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 141 South Canon Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 141 South Canon Drive

Taxable ValueLand$168,703Additions$93,527Total$262,230
Tax Record2023$45,985 ($3,832 / month)
Home Facts
Total Finished SqFt5,468 SqFtAbove Grade Finished SqFt5,468 SqFtLot Size6,070 SqFtStyleMulti-Family Res (5+ Units)Year Built1938ZoningBHR4*CountyLOS ANGELESAPN4331-001-008

Schools near 141 South Canon Drive

This home is within Beverly Hills Unified School District.
Rating
School
Type
Grades
Distance
Beverly Vista Elementary School
Public - 6 to 8
Beverly Hills High School
Public - 9 to 12
Moreno High (Continuation) School
Public - 9 to 12
Good Shepherd Catholic School
Private - PK to 8
Rating
School
Distance
Beverly Vista Elementary School
Public6 to 8

Beverly Hills High School
Public9 to 12

Moreno High (Continuation) School
Public9 to 12

Good Shepherd Catholic School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 141 South Canon Drive, Beverly Hills, CA 90212

141 South Canon Drive is a multi-family home for sale in Beverly Hills, CA 90212. This property was listed for sale on May 7, 2024 by Vincent B Norris, Inc., it's currently listed at $3,550,000. This listing's school district is Beverly Hills Unified School District. Nearby schools include Beverly Vista Elementary School, Beverly Hills High School and Moreno High (Continuation) School. 141 South Canon Drive is a 1-bed, 6-bath, 5,468 sqft multi-family home built in 1938.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Vincent B Norris, Inc., Vincent Norris, DRE #00843890

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.